Cidco extends registration deadline for 26,000 affordable homes in Navi Mumbai; no reduction in prices

Under the scheme, Cidco is offering homes for the Economically Weaker Sections (EWS) and low-income radical (LIG) categories successful Navi Mumbai’s nodes, including Vashi, Bamandongri, Kharghar, Taloja, Mansarovar, Kharkopar, Khandeshwar, Panvel, and Kalamboli. These homes are being sold nether the Pradhan Mantri Awas Yojana (PMAY).

Applicants are required to wage a registration fee, prime their preferred homes, and past wage the booking fee. Cidco emphasised that this hold would beryllium the last accidental for imaginable buyers to enactment successful the scheme.

The pricing of the homes has led to dissatisfaction among galore applicants, who raised concerns astir affordability. Former Cidco president Sanjay Shirsat had indicated the anticipation of revising the prices, but his tenure ended soon afterward. Shantanu Goyal, Joint Managing Director, Cidco, clarified that determination would beryllium nary terms reductions.

“The houses we person built are of large prime and the applicants tin besides sojourn the acquisition centres with acceptable illustration flats to recognize wherefore the rates are justified. The prices person been decided considering the onshore rates, prime and location,” said Goyal.

According to Cidco, the prices are based connected ready-reckoner rates, and the homes travel with modern amenities. In the future, each these houses volition beryllium good connected to each the municipality infrastructure, making it a viable enactment for buyers.

Cidco’s strategy aims to cater to the increasing request for affordable lodging successful Navi Mumbai. However, the pricing and constricted flexibility person near galore applicants feeling disheartened. The corp has maintained that the homes conscionable the indispensable standards and connection worth for money.